Finance Flashcards
(32 cards)
In 2017 Forbes concluded that every team was worth at least $1.6 billion in which sport?
NFL
Based on the slides, sports teams Do Not generate revenue aside from ticket and beer sales.
False
What amount of money did the Big Ten universities give its executive director (future bonus payments) in 2016 when the 11 oldest universities got a payout of $32.4 million each?
20 mill
In many ways, the changes in the sport world that have led to the enhanced value of teams and university athletics (for some conferences) are a result of the business philosophy pioneered by the Rothschild Family at Dodger Stadium in Los Angeles.
false
Which of these concepts/changes about redefining the sports industry WAS NOT mentioned in the slides in chapter 1?
financial leveraging
The three most common forms of business ownership structures are sole proprietorships, partnerships, and corporations.
true
A sole proprietorship is a legal entity with all of the rights of citizenship (except for the right to vote). They are, in essence, “artificial beings” created by law and given all of the legal rights in business that individuals enjoy.
false
Out of the 123 major league teams in the US only 1 team has a degree of public ownership. What is the name of that team?
greenbay packers
Profit maximization, on the other hand, is described as placing a higher value on winning, even if the resulting cost of players will lead to lower profits.
false
Sports Bankruptcy is the legal entities with all of the rights of citizenship (except for the right to vote).
false
A Balance Sheet lists the firm’s revenues, cost and profits.
false
This type of statement reports the profits that firms keep, as opposed to making a distribution to shareholders in the form of dividends.
statement of retained earnings
An income statement provides a financial summary of a firm across a period of time, typically a year or quarter
true
Based on the slides, which of these is not found on an income statement?
liabilities
Statements of Retained Earnings report the profits that firms keep as opposed to making a distribution to shareholders in the form of dividends.
true
Which of these companies was one of the first betting agencies to offer daily fantasy betting?
FanDuel
The commissioner from which major sports league spoke out first about his acceptance of sports betting in the US.
NBA
Which of these states has not legalized sports betting yet?
Missouri
Who is the owner of Savannah Bananas
Jesse Cole
What State is the Savannah Bananas
Georgia
To describe what governments should pay for, James Buchanan (1965) and Richard and Peggy Musgrave (1973) developed the theory of “____________.”
public goods
There are generally two ways for businesses to pay for capital investments: debt financing or equal financing.
false
Debt financing refers to borrowing funds to pay for an investment, while equity financing means selling a percentage of the firm to investors.
true
Some sport facilities create a “________” effect, which can enhance the city’s image.
Synecdochic effect
